Back to the basics – what are share plans? Share plans are means for companies to reward employees. Most often, these plans are established to improve motivation and boost productivity, by giving employees a stake in the company or share options. The more profitable the company gets, the more likely it is that employees will…

October 29, 2020 Read more >

Given the nature of our business, it will be unsurprising that we think share plans have an important role to play for companies weathering the current economic storms.  However, this view has been reaffirmed by the recent release by HMRC of research it commissioned into share plans.  The research was conducted independently and amongst its…

October 29, 2020 Read more >

In light of the deepening effect of COVID-19, here are some thoughts designed to help remuneration committees as they turn their minds to bonus awards for 2020 and performance metrics for both short- and long-term awards in 2021. Annual bonus awards for 2020 Performance measures and targets for 2020 will have been set at the…

October 29, 2020 Read more >

Every year the GECN Group conducts research into global trends in Corporate Governance. The GECN Group comprises five independent advisory firms specialising in executive remuneration and corporate governance www.gecn.com. GECN Group companies have offices in Los Angeles, New York, London, Kyiv, Geneva, Zurich, Singapore, Melbourne and Sydney. MM&K is the GECN Group company in the…

September 28, 2020 Read more >

Revised IR35 rules to apply from 6 April 2021 Revised IR35 (off-payroll working) rules come into force in the UK from 6 April 2021 to align the rules applicable to contractors in both the public and private sectors. Background to the IR35 rules Introduced in 2000, the IR35 rules are designed to reduce tax avoidance…

September 28, 2020 Read more >

Share dilution happens when a company issues additional shares, reducing the proportion of a shareholder’s current ownership. The issue of new stock can be seen as a positive sign when, for example, it is used to raise money for expansion, to invest in competition or to introduce new products. On the other hand, existing shareholders…

September 28, 2020 Read more >

Companies have a responsibility to consider the impact of their activities on the environment and society and to operate within a robust corporate governance framework. There is no question about that. ESG is fast becoming ingrained, if it is not already established, in corporate strategy, culture and operations. It is clear, however, that ESG means…

September 28, 2020 Read more >

The end of September marks just over six months of dealing with the new realities of working during the coronavirus pandemic. Depending on your business, Government support may have been crucial or just merely useful. And with seemingly another six months of working remotely ahead of us, now is the right time to think about…

September 28, 2020 Read more >

Risk to Carried Interest The Chancellor has recently requested the UK Office of Tax Simplification to review the capital gains tax system and the interaction of how gains are taxed compared to other types of income. This has caused speculation in the market that carried interest payments received by fund managers and private equity executives…

July 30, 2020 Read more >

Even in the modern age of political “opinion mining” and “soft leaking”, there has not yet been any overt steer from the Government as to what specifically it would like to do with the CGT regime (other than, presumably, for it to raise more revenue). However, in the document setting out the situation, it has…

July 30, 2020 Read more >

In 2019 MM&K, together with our partners in the GECN (Global Governance and Executive Compensation Group) researched global trends in Corporate Governance – investors’ perspective. The outcomes of this research are presented in the Executive Summary of the 2019 Report (click here to request a copy). The GECN is a group of five independent advisory…

July 30, 2020 Read more >

In our May Newsletter, we wrote: “The current state of the oil and gas industry points to a strategy of cost cutting, consolidation and collaboration. Conserving cash resources is the priority – for all firms but particularly for the small and mid-size players, whose balance sheets are not so strong as those of the large…

July 30, 2020 Read more >